Recent Posts in Taxes Category
Posted on Oct 12, 2012 By Law Offices of David A. Shapiro
Another estate planning technique is an installment sale of income producing property to a grantor trust. A grantor trust, under the provisions of the Internal Revenue Code, is a trust that is not ...
Continue reading "Sales to Grantor Trusts" »
Posted on Oct 11, 2012 By Law Offices of David A. Shapiro
A gifting strategy that allows a couple to take advantage of the gift tax exemption while retaining access to the funds is the Spousal Lifetime Access Trust (SLAT). The SLAT is an irrevocable trust ...
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Posted on Oct 10, 2012 By Law Offices of David A. Shapiro
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the "2010 Act") was enacted on December 17, 2010 and extended the provisions of the Economic Growth and ...
Continue reading "Gifting Techniques for 2012" »
Posted on Jun 21, 2012 By Los Angeles Estate Planning Attorney
The temporary regulations issued by the IRS on how to elect to use a deceased spouse's unused estate tax exclusion will apply to married spouses where the first spouse has died on or after January ...
Continue reading "New Rules Regarding Portability Election" »
Posted on May 22, 2012 By Los Angeles Estate Planning Attorney
In order to better regulate charitable trusts, a new provision requiring trusts or wills to indicate sources of income from any amount the taxpayer will use for charitable purposes has been ...
Continue reading "New IRS Rules for Estates and Trusts" »
Posted on Apr 3, 2012 By Los Angeles Estate Planning Attorney
A lot of people are afraid of funding their real property into a trust because they are scared that there will be some unforeseen tax consequences to doing so. However, in California, let your worries ...
Continue reading "Don't Fear The Assessor" »
Posted on Dec 30, 2011 By Los Angeles Estate Planning Attorney
Earlier this year the IRS filed a lawsuit against the California Board of Equalization due to the board's refusal to turn over records on real estate transfers made to relatives with little or no ...
Continue reading "Trying To Avoid Gift Taxes? The IRS May Be Coming For You!" »
Posted on Jul 23, 2010 By Renee Linares
Obtaining Life Insurance coverage is often a part of the estate planning process. If you have multiple life insurance policies you may want to consider a Life Insurance Trust. a life insurance trust ...
Continue reading "Understanding Life Insurance Trusts" »
Posted on Apr 2, 2010 By David Shapiro
A Private Letter Ruling (PLR) is a written response by the Internal Revenue Service (IRS) to a taxpayer's request for information. A PLR can be used by a taxpayer for guidance on whether to take ...
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